Key facts
- Morningstar is partnering with Apollo Global Management, Franklin Templeton, and J.P. Morgan Asset Management.
- The new offering will provide retail investors with access to private markets, including private credit and real estate.
- Portfolios will utilize interval funds and ETFs for accessibility.
- Initial models will allocate 12% to 20% to private markets.
- The launch is planned for later this year.
Morningstar's wealth division has partnered with investment giants Apollo Global Management, Franklin Templeton, and J.P. Morgan Asset Management to create a new suite of investment portfolios. These portfolios are designed to grant retail investors access to private markets, an area historically reserved for institutional and ultra-high-net-worth individuals.